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Promoting Opportunities for Non-Traditional Capital Formation Act This bill expands the functions of the Securities and Exchange Commission's Office of the Advocate for Small Business Capital Formation. Specifically, the office must (1) provide educational resources and host (or participate in) events to promote capital-raising options for underrepresented small businesses, businesses in rural areas, and businesses affected by natural disasters; and (2) meet annually with representatives of state securities commissions to discuss opportunities for collaboration and coordination.
Introduced
May 15, 2025
Last Action
Jun 24, 2025
Session
119th Congress
Sponsors
1 primary · 1 co
Passage Probability
2% — Very Low
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 321 - 87 (Roll no. 174).
Motion to reconsider laid on the table Agreed to without objection.
DEBATE - The House proceeded with forty minutes of debate on H.R. 3422.
Mr. Downing moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules.
Considered as unfinished business.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-117.
Placed on the Union Calendar, Calendar No. 87.
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
Committee Consideration and Mark-up Session Held
Introduced in House
Referred to the House Committee on Financial Services.
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2%
Estimate based on legislative signals
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Upgrade to ProReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.